Price for Cumin Seeds, Crushed or Ground in Hungary - 2023
Contents:
- Price for Cumin Seeds, Crushed or Ground in Hungary (CIF) - 2022
- Price for Cumin Seeds, Crushed or Ground in Hungary (FOB) - 2022
- Imports of Cumin Seeds, Crushed or Ground in Hungary
- Exports of Cumin Seeds, Crushed or Ground in Hungary
Price for Cumin Seeds, Crushed or Ground in Hungary (CIF) - 2022
In 2022, the average import price for cumin seeds, crushed or ground amounted to $3,469 per ton, falling by -8.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 11%. The import price peaked at $3,802 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,649 per ton), while the price for Egypt ($1,839 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cumin Seeds, Crushed or Ground in Hungary (FOB) - 2022
The average export price for cumin seeds, crushed or ground stood at $4,116 per ton in 2022, increasing by 20% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,992 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($5,683 per ton), while the average price for exports to Slovakia ($2,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cumin Seeds, Crushed or Ground in Hungary
In 2022, approx. 103 tons of cumin seeds, crushed or ground were imported into Hungary; shrinking by -12.5% against the previous year. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year.
In value terms, cumin seeds, crushed or ground imports fell rapidly to $358K in 2022. Over the period under review, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $448K, and then reduced remarkably in the following year.
| Import of Cumin Seeds, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 139 | 141 | 188 | 109 | -7.8% |
| Austria | 117 | 118 | 106 | 108 | -2.6% |
| Egypt | 50.3 | 37.5 | 24.2 | 47.9 | -1.6% |
| Latvia | N/A | N/A | 19.8 | 27.8 | 40.4% |
| Germany | 22.8 | 22.9 | 28.8 | 22.3 | -0.7% |
| Romania | 3.0 | 8.5 | 3.2 | 19.3 | 86.0% |
| Turkey | 5.2 | 7.9 | 8.9 | 8.9 | 19.6% |
| Poland | 32.1 | 21.4 | 14.8 | N/A | -32.1% |
| Others | 22.4 | 18.6 | 54.3 | 14.4 | -13.7% |
| Total | 393 | 376 | 448 | 358 | -3.1% |
Top Suppliers of Cumin Seeds, Crushed or Ground to Hungary in 2022:
- Egypt (26.0 tons)
- Austria (24.9 tons)
- Netherlands (23.5 tons)
- Latvia (7.7 tons)
- Germany (7.5 tons)
- Romania (7.0 tons)
- Turkey (2.7 tons)
Exports of Cumin Seeds, Crushed or Ground in Hungary
In 2022, after three years of growth, there was significant decline in overseas shipments of cumin seeds, crushed or ground, when their volume decreased by -14.9% to 32 tons. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 814%.
In value terms, cumin seeds, crushed or ground exports rose to $132K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 490% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cumin Seeds, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 3.9 | 77.2 | 65.6 | 310.1% |
| Netherlands | N/A | 7.7 | 9.0 | 17.1 | 49.0% |
| Slovakia | 0.7 | 12.3 | 18.3 | 16.8 | 188.4% |
| Slovenia | 0.1 | 5.6 | 5.8 | 13.7 | 415.5% |
| Romania | 3.6 | 9.5 | 8.8 | 9.2 | 36.7% |
| Austria | 0.2 | 0.8 | 0.6 | 2.7 | 138.1% |
| Others | 6.3 | 24.3 | 9.2 | 6.6 | 1.6% |
| Total | 10.9 | 64.2 | 129 | 132 | 129.6% |
Top Export Markets for Cumin Seeds, Crushed or Ground from Hungary in 2022:
- Germany (16.3 tons)
- Slovakia (6.3 tons)
- Netherlands (3.0 tons)
- Slovenia (2.4 tons)
- Romania (1.7 tons)
- Austria (0.8 tons)
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